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. >>> well on come to wourd wide exchange. as is an decide barrels towards the east code, u.s. authorities order thousands to evacuate for the the biggest storm. >> my first message is to all the people across the eastern seaboard atlantic going north that you need to take this very seriously. >> all u.s. stock markets will be closed today. its first weather related closures in 27 years. and shares in ubs rise in the open after reports swiss bank may cut 10,000 investment banking jobs and wind down up to 15 trading businesses. police wen and his family fight back. their lawyers call it untrue and are considering legal action against the "new york times." for our u.s. viewers, the show will be on just one hour this week because europes has gone off daylight savings time, so we're just four hours ahead now of new york time. hurricane sandy is also still several hours away from make landfall, but the impact of the storm is already being felt. transportation has ground to a halt as new york and other major eastern cities have shut down mass transit, airlines canceling flights and
, diane sawyer, joins us with the latest in on ongoing abc news series, hidden america. this one, from the streets of chicago. diane, the powerful report we're about to see really takes us inside what can only be described as a hidden american war zone. >> it is true, but we want to say at the outset, as we know, chicago is simply a great city, filled with wonderful people. but as we're going to show you, there are some areas, where small children really do live, as we said, in a kind of battle zone. so, listen to this number. at least 419 people were killed this year, across a dozen neighborhoods in chicago, and that is more than all the u.s. troops killed in afghanistan this year. the cause? rival gangs, creating anarchy. and, so, "nightline" and "world news" decided to try something different, something unprecedented. we gathered 38 members of rival gangs, past and present, from hispanics to their black rivals, to talk about the slaughter and how to make it stop. tonight, in america, tens of thousands of children are living in a war zone. one of them is a little boy named ralph. hey
islam and asking islam to help us understand doctrine and ethics and social dimension. and in this class- i keep saying we have extraordinary classes, but indeed we do today- we're going to look at the african-american muslim movement, sometimes called the black muslim movement, nation of islam. and we're just absolutely thrilled- later in this class, we have imam wd mohammed, who will come in and handle not just questions about african-american muslim movement, but islam in general, so that's really something to look forward to. what i wanted to do was to set this up, if we could go to the graphics, to look at one of our key themes. now, not just speaking about the nation of islam here, we're speaking about islam and religion in general, as is our way in this class, but we think about identity and relationship. well, what if we talked about identity and self-esteem and relationship as empowerment? that's what i think we're seeing when we're talking about the african-american muslim movement. in other words, identity is self-esteem- a person must feel good about themselves- and relations
, why one trader says boring is good when it comes to investing. a documentary takes us behind the scenes of a gm factory closure. and a trader's impression on alcoa's earnings. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, october 10th. i'm angela miles. in today's first look: earnings from alcoa and yum brands. first up alcoa. the aluminum company posted a loss, but still managed to top expectations. alcoa lowered its growth forcast to 6% from 7%. the company has $1.4 billion cash on hand. apparently there's a lot of money in chicken and tacos. yum brands, which owns kfc and taco bell, reported stronger-than- expected earings and raised its full-year guidance. meanwhile, tuesday was a down day on wall street. stocks and gold sold off on global economic concerns, while oil rallied. nhl talks could resume today between players and owners. the commissioner says major money issues are not on the agenda. and the cfo of best buy is leaving the company after 10 years on the job. todd h
. stuart: caterpillar is one of the stocks used as an economic indicator. makes construction equipment, sometimes reflects the state of the world economy. caterpillar's profits are up 50% strong sales and the u.s.. the rest of the world weaker than expected, and changed the opening bell. turn to the election. two weeks from tomorrow look at the latest polls. they are tied at 47. dead heat that this poll had president obama leading by 5, the go. his trend is towards romney. look at this for momentum. the gallup poll has romney pulling to a seven point lead. the latest daily tracking poll, and adams sunday. best case of the president is a tie. and the latest number, scott will be joined us with those early monday morning results. what are we looking for in tonight's debate? what do when tudor libya, iran or israel? read your comments in the next hour. facebook please. look at this. a warning on firewood courtesy of none other than the state of california. that is on organic would. if i am -- if only the cave men had known they were encountering division danger in their lives. this is the
. assistant secretary of state kurt campbell, who arrived in japan on thursday, is in charge of u.s. policies on east asia. he said he met with china's vice foreign minister in the u.s. before leaving for japan. >> we talked about the importance of relations between china and japan are restored and improved, and that is in the best interests of not just the peoples but the countries and everyone in the asia-pacific, including the united states. >> campbell is scheduled to meet with japanese officials to discuss bilateral cooperation on situations in east asia. >>> we interviewed a prominent british analyst on how he sees japan/china relations at the moment. professor michael clarke is director general at the royal united services institute for defense and security studies. >> for european, we understand the issue, i think, of the islands. we understand the delicacy of the issue. but it is a problem that can be similar disputes all around the world, and they will flare up from time to time. the most important thing from tokyo's point of view is not to allow too many precedents to be set on eit
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national security threats, warning their technology equipment could be used for spying. >> susie: i'm susie gharib. it's that time of year again, earnings season, we look at what wall street's expecting from third quarter results. >> tom: and speaking of seasons, it's already looking a lot like christmas for the nation's retailers. this year could be the best ever for online holiday shopping. >> susie: that and more tonight on "n.b.r."! >> tom: two of china's top telecommunications companies are a threat to u.s. national security. that's the conclusion of the u.s. house intelligence committee after a year-long investigation into emerging technology giants z.t.e. and huawei. huawei says the report relies on rumors and speculation, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their br
>>> the forecasters and government leaders told us this would be a monster storm, and throughout the night and throughout the early morning hours sandy has been living up to those expectations. i am heather childers. >> welcome to a brand-new hour of hour special storm coverage. this system is currently classified as a post tropical storm, but don't let that fool you. forecasters say you -- say you shouldn'tly letting your guard down. twisters are likely to follow restoring power to 500 million r weeks. the storm is expected to touch 50 million people before it is over. our meteorologist is standing by with the latest. >> you mentioned that post tropical storm thing. we talked about this a few hours ago. there was a big messaging mess up with this storm. this storm went through a bit of a transition. the national hurricane center forecasted it would go through a transition from a hurricane which is a warm core storm. it is a storm that feeds off warm ocean water to a normal midlatitude storm. the storm that comes off of the coast, and because of that they decided that they were
to by the ads in many ways has that changed on decades. the focus is invisible to us. i try to write in this book is taking place with people who don't go on tv and whose names are almost entirely unknown. the outside world has changed dramatically and is changing every year, sometimes every month coming of the campaigns are getting a lot smarter about what they do, why they do it, and i think that the general campaign coverage is struggling to keep up explaining to the voters and the viewers and what they are doing and why and what the sort of thinking is under hurting all of that. >> host: you are talking about it what is causing the victory lap and you have this picture in your mind there is this lab. can you give some perspective in the campaigns now how many people are working on this stuff? was a typical campaign, how many people are working on the campaign and how many people would be working on this sort of data analysis and all the things you're talking about >> guest: the empiricism is informing everything will sort of rigorous experimental methods with her some sort of eve
surface area, much more conventional american type of toilet. it has been used around the world for many years as a water- conserving light of flushing. it has a small water surface area and is a wash down type of toilet. some americans are not happy that they might have to clean the sides of the ball more. then, we have the high end totally automated toilet as you were already noticing. when you walk up to it, it will sense that you are there and it will open up. it has another green feature, which washes you. it saves you on toilet paper. a roll of toilet paper can take as much as 28 gallons to be manufactured, so if you conserve on toilet paper by using water to wash yourself, you are saving the waste material of the toilet paper. >> does that count toward the flesh? >> it does not. >> how much water does it take? >> it takes just a few ounces. tens of how long the user leaves it on. it has a remote control that allows you to be able to control the spray features. it has a rear-cleaning, cleaning, stopped cleaning. it has a heated sea. it has a blow dryer. it has a deodorizer. and you
, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1% in september, which was better than expected. it follows an even bigger gain in august and its the best back- to-back showing since 2010. erika miller has a closer look at the data and what consumers were loading up on last month. >> reporter: it seems pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronics sales by 4.5% in september. that was the biggest incre
some of them, that is my two cents more, thank you for joining us, don't forget to dvr the show if you can't catch us live, have a great night, and we'll see you right back here tomorrow. >> good evening, tonight with only 28 days remaining until election day. president obama looking to big bird for help. the president's campaign theme for some reason still focussed on last week's debate flop, they realize a new ad using big bird to sarcastically distort governor romney's approach to deficit reduction. >> one man has the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the president's campaign ad, the nonprofit organization wrote quote, we have approved nong campaign add and as of our general practice, have requested that they be taken down, big bird joining the aarp, and a cincinnati deli owner and nbc's andrea mi
unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronics sales by 4.5% in september. that was the biggest increase since the iphone 4s came out in october of last year. but the gain in retail sales wasn't only because of iphone. >> if you do take iphone, we still would have had a fairly decent 0.7% gain in overall retail sales spending activity. that's a very significant pop. we haven't seen that kind of growth over the past six months or so. >> reporter: and sales did rise in every retail category except department stores. consumers may be feeling better about spending. thanks to higher stock prices and stabilizing home values. >> we've seen a nice improvement in the economy over the past three months and also seen a solid rebound in wage growth and that's given consumers more confidence and more discretionary spending power. >> reporter: but unemployment is sti
preparing. he also has a day drop. i do not think he is used to people challenging him like that. i think he was a little surprised at the level of challenge. i did not know why he did not come up with some of the lines like a 47% in your sending jobs overseas. all things he had in his back pocket. he did not use them. >> strong jobs report could swing the momentum back to the president. >>one of the most talked about moments of the debate came when mitt romney made a reference to sesame street. >> i am not going to keep on spending money to bar from chinaborrow from china. romney's remarks sparked more comments on twitter than his nomination acceptance speech at the g-o-p convention. they also created the hashtag save big bird. >> two-thirds of those who watched the debate believe romney is the winner. nearly half of those polls say the debate did not make them more likely to vote for either candidate. 45 percent say they're now more likely to vote for romney. >> he joked about last night's debate. saying he meant a very spirited fellow who claimed to be mitt romney. >>the real mitt rom
battered by his poor performance in the debate. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy, just to try to score a few political points. >> reporter: not surprisingly, mitt romney saw it differently. >> there were fewer new jobs created this month than last month. >> reporter: romney argued today's numbers disguised the fact that people had stopped trying to even find jobs. >> so it looks like unemployment is getting better. but the truth is, if the same share of people were participating in the work force today, today is on the day that the president got elected, well, the unemployment rate would be at about 11%. >> reporter: it is true that only 114,000 jobs were added last month, a modest number, but economists say a number of people were working, not just giving up trying to find a job. and numbers from the last two months went up. still, manufacturing was weak >> we're seeing a lot of volatility in the numbers on a month to month basis, so until we see a consistent trend in the numbers that s
position as of 8:00 a.m. it looks like it's out to sea. this is good news for us. here is washington. it could track anywhere within this zone of possible. you can take this western track. of course, we'll be worse off here. there's indication it is trying to switch farther and farther to the west. stay tuned. things could go downhill for us. the latest track is going to the north. i'll have the sandy impact that it might produce for us if it takes the western track for us in a couple minutes along with the seven day outlook. keith? >> see you in a few. with the possibility that sandy will have an impact this way, local power companies are beginning their preparations to keep the power on. tony tull is live in maryland with more on what the companies are doing to get ready. hey, tony. >> reporter: it's about the preparation. pepco telling us they put out a request for mutual aid asking power companies to the south and west of us, if sandy should make land fall, they will send extra crews to the area to help with repairs. itis not just the power companies that are preparing, it's many
to vote for? these are telling me that the tactics that president obama is using, talking about diners, bayonets and big birds, they're rubbing people the wrong way. in part because they want to focus on jobs in the economy, which is this big, darker issue that the country is facing right now. it's worrying people a lot. and so, the idea that he can talk about things like the binders comment, which is really just a play off a comment that mitt romney made during the presidential debate, where he talks about his desire to hire a lot of women. and it's not helping him. i think that's reflected in the poll numbers because you're seeing right now romney is tied, or seems to have a kind of momentum moving into the time week. that's just what pollsters are saying. i think democrats feel that this will help particularly with women voters, because they make up the majority, and if they can kind of put forward this argument that mitt romney wants to take away somethings that are very important to them, then they can get the edge amongst that party leck rate. which in a very close election can b
in your mind that it is this lap. can you give us some perspective in these campaigns now how many people are working on this stuff? if you can tell us what is a typical campaign, how many people are usually working on this campaign and how many people would be working on this sort of data, analysis and all things you're talking about. >> guest: on some level on smart campaigns and data analysis, pure system is sort of informing everything to do. there's more and more stuff on the campaign to contest that either through rigorous experimental methods or through some sort of come even if it's not randomized, a lot of these extremes are. there some sort of discipline testing. so smart campaign, and the obama campaign is symptomatic of this, basically thinking everything the campaign does is form by david. and you get down to the state level campaigns and they definitely are having people who are voter file managers are basically dealing with data or talking people are just dealing with david. you get up to presidential campaign and one of the things the romney campaign had to do this summer
think marriage solves gun violence? we are women and you will hear us vote. a race talk that asks if talking about race really helps at all. it's a complex world out there. we need someone to lead it. >>> good morning. i'm melissa harris-perry. at approximately 6:15 a.m. eastern time, former u.s. senator george mcgovern passed away while in hospice in sioux falls, south dakota. he was 90 years old. an early opponent of the vietnam war he was, the nominee for president in 1972 for democrats. he lost in a landslide election to republican richard nixon. in a statement, the mcgovern family said "we are blessed to know that our father lived a long, successful and productive life. advocating for the hungry, fighting for peace." mcgovern long will be remembered for his unwavering opposition to war and war is where we begin this morning. today we're taking you back to june 28th, 1914. yes. june 28, 1914. that was the day that a foreign emissary was assassinated while on a diplomatic mission in sarajevo. that set off a chain of events that led to the largest global conflict the world had e
the 31st. thanks for getting up with us and watching "fox & friends first". >> we begin with an extreme weather alert after the monster storm devastated so much of the area. >> the devastation she left behind up and down the east coast it is unimaginable. >> now i have nowhere to go. >> the entire new jersey coastline changed forever. portions of the state's iconic boardwalk swallowed up by the sea. >> thoemotions are overflowing. >> i grew up here. i have been here since i was born. this is absolutely sickening. >> the pictures of devastation te seem never ending. the resilience prevails. a quiet beach front community in new york that became the scene of a horrific destruction now coming to grips with all of the devastation more than 100 already flooded homes in breezy point burned to the ground by this raging fire. as residents there ban together firefighters who responded to the scene are saying it was unlike anything that they have ever seen before. todd starns joins us with the lathes. >> not only before they battling the flames but but they were battling the water. the homes that
of supporting terrorism. door to door, street by street, we join grass root supporters in ohio as the u.s. presidential election campaign enters a critical week. and the miracle at medinah. europe's golfers stage one of the sport's greatest comebacks in the ryder cup. >> welcome to our viewers on pbs in america and around the globe. over the past week, peopling at the u.n. publicly weighed in the debate about what to do about the syrian conflict. today it was syria's turn to respond. president assad was unsurprisingly absent from the podium. instead, the talking was left to the country's foreign minister. walid muallem accused those spork terrorism in his country and prostriding arms to his army. he said calling president assad to step down would be serious to the affairs. he met with the secretary general to show compassion to their own people. but just how far is all the rhetoric got us? i'm joined here in the studio by steve from the u.s. institute of peace. steve, thank you very much indeed for coming in. listening to muallem's speech, what sort of insight does it give us into the way
has coined romnesia. he should keep using it. sometimes the republicans have had such great success with turns of phrase such as swift voting, the quick one off to think a certain way about a certain person. romnesia is the perfect way to describe exactly what afflicts mitt romney when it comes to his own record. day we have an interesting round of good news for the president which is he has gotten endorsements today from the denver post, the tampa bay times. the salt city tribune. yes, the salt city tribune, an utah paper endorsing obama. that's good for him. he seems to have stopped the bleeding according to a lot of polls, however he has got to go into the next debate, the next set of questions and smile. we need a president who sat there and smile, we need the president reassure us. when we see him smile everybody is happy. he has a number of things he needs to talk about. the supreme court, climate change, iraq and the fiscal cliff. he has not talked at all about the fiscal cliff. it is coming. whoever is elected will be totally responsible for that. he went on "the daily thoug
there was a gun around. not that he had used it. so a gun enhancement, mandatory gun enhancement from the judge that entered the sentence said it was an outrage. it was unjust. but 55 years. this is the kind of human toll in this country. we don't just need to legalize marijuana, we need to end drug prohibition, just like we ended alcohol prohibition and treat drug use and abuse as a public health and education issue and get it entirely out of the criminal justice system. [cheers and applause] we have the highest incarceration rate. we have 5% of the world's population and 25% of the world's prison population. we have more people in prison and in jails in this country on drug offenses than western europe has in their prisons and jails on all offenses. this has to end. we the american people need to come together, right, left, it doesn't matter about partisanship. we need to demand immediately an end to this insane war on drugs. [applause] >> virgil goode. >> i am an advocate of a balanced budget, and i would cut federal spending on the war on drugs. however, drug use is primarily a state issue,
behind that, dean baker of economic policy research will be joining us coming up and heading to cleveland where liz claman joins us with the top business leaders. who do you have? liz: mark clark of first energy. they are in six states including new york and new jersey and ohio. they are a huge energy concern. they do electricity and natural gas and coal-fired generation and nuclear. what is the landscape for energy? the electrical utilities. back to you. dave: before that we tell you what drove the markets with the data download. some jobs euphoria did fade with all three major indices losing ground. the dow is the only index that managed to eke out modest gains. stocks posting of a first weekly gain. closing weaken the green but financials technology was the biggest lagger. the economy added 14,000 jobs in september narrowly beating the economist estimates. the unemployment rate went the other direction and for the first time in forty-four months dropping to 7.8% from 8.9%. we get into details of that. a lot of people are skeptical. bold falling from an 11 month high following the septe
to use election year to make money! first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. october 5th. i'm angela miles. in today's first look: you know the drill - it's the first friday of the month, making it a jobs friday. economists and traders expect up to 120,000 jobs were added in september and the unemployment rate will remain around 8.1%. ahead of the news, stocks and commodities rallied after jobless claims and factory orders came in better than predicted. a zynga sell off! the struggling social media game company cut its full-year outlook. shares dropped below $3. reports say at&t will sell nokia's new lumia smartphone. the national hockey league has cancelled all regular season games through october 24 as players and the league fail to reach a contract agreements. and schwab & amertride are reportedly closing some offices in the e.u. john brady of rj o'brien joins us now. john, jobs are on tap this morning. > > expectations are for non- farm payrolls in the month of september to reach plus 100,000, whi
>> maybe. i don't know. thanks for inviting us into your home. that's it for this special report. fair, balanced and unafraid. >> shep: this is the fox report. tonight mitt romney launch has critique on president obama's foreign policy and one prominent national poll shows there is a new leader in the race for the white house. plus, the most expensive gas in all the country. a new all-time high. >> in a weeks it was 50 cents up. >> shep: one senator calling for a federal investigation. and an historic mission. >> three, two, one, and lift-off. >> shep: a new life line for astronauts in outer space. it even delivers ice cream. but first from fox this monday night, governor mitt romney says america is facing more threats tonight than when president obama took office. the republican nominee for the presidency accusing our current president of leading from behind, saying and i quote, hope is not a strategy. governor romney went after the president on foreign policy today in a speech at the virginia military institute. >> i believe that if america doesn't lead, others will. others who
-the-scenes is joining us tonight. he's the gop co-chairman of the presidential debate commission and has been in that role since the commission was founded in 1987. thanks for being here. so many questions i want to ask you. let's just start with centre college itself. how is it that have come to host two vice-presidential debate? >> they are one of only four schools in the country who have hosted more than one debate. this is their second. we go through a process where we send out a request for bids ahead of time. there were one of the schools that put in a bid to host the debate this time. we have a team that goes out, lighting, sound people, etc., and the secret service involved. we finally get down to deciding if we can do something geographically. we like to do one in the west, one in the south, one in the midwest, and one in the northeast. we knew them, the secret service knew the school. they did such a good job 12 years ago, we are just delighted to be back here. >> so much has changed in 12 years, not just in the country but about the debate. i heard an interview from then and it was
on affirmative action. joining us, the author of "mismatch," and welcome. >> nice to be with you. >> host: joining us from new york, the aclu racial justice program serving on the senior staff, welcome. >> thankou. >> host: the supreme court heard a case this week dealing with affirmative action so tell us what happened. >> guest: sure. the case pending before the court was brought by a young lady named abigail fisher, and she said based on race, she was violated, and basically our position in that of many other organizations and individuals was that the university of texas has a fair process in place that expands opportunity for all people and should be allowed to have additional factors in addition to scores to create a learning environment to benefit all students preparing them for a global environment they will enter when they leave school. we made technical arguments about the standard of review that was at issue, but the crux of it was we wanted the university's process was legal, to be upheld. >> host: can you briefly explap how the university of texas, the old revisions of race, a
participation which in 2011 avoided excessive use of force in containing public demonstrations and rioting in algier. while they are plausible explanation and point to algerians's exceptionalism, i feel there's a lack of reliable information on the diversity of views that algerians hold of their system of government, of their history, and of their preferred path forward. the inner workings of their politics is opaque and constant source of debate and speculation, even within political connected circles. i think analytic modesty is called for, and, after all, it would have been plausible to explain away the upheaval in tunisia in late 2010, for example. instead, i think we might ask what does instability look like in algeria? there does not appear to be a sizable appetite among algerians for mass upheaval. popular upheaval. the state, meanwhile, has shown itself able to contain local unrest, has largely dealt with internal insurgency, and appears able to avert opposition. what is it less equipped to deal with? what signs should we look for to suggest or not a coming shift in the status quo?
first broke the details last week. he'll join us in the next hour. and citigroup leads the earnings parade. numbers due at about 8:00 a.m. eastern time. the banking giant is expected to earn 96 crepts is share on revenue of $18.4 billion. as always, well bring you the results and instant analysis. both of these stories could be keys to the broader markets today. stocks are coming off their worst week since early june. it's been four months since we've seen a week like we saw last week. it was bad across the board for the dow, the s&p and for the nasdaq, but many on wall street are buzzing for a bullish story which suggests the dow could soar past all time highs. argues stocks are healthier today. our what's working now series continues. in just a few minutes, we have mark mobius joining us with his take on the emerging markets. he travels world looking for the best bets. and at 6:30, the ceo of rbc wealth management, john taft. at 8:00, we'll turn to the fixed income markets with jim r reynolds. plus neel kashkari will be offering his stock selections, as well. and this morning we a
melissa: i'm melissa francis and here's what's "money" tonight. will the u.s. be the next saudi arabia of oil production? a new report says we could be the world's top producer by the end of the decade. we'll tell you how. >>> plus a devastaaing cyberattack hits one of the world's largest oil companies. iran is reportedly behind it. could our electric grids or water supplies, our water supplies be next? we get insight exclusively from a former member of the joint chiefs of staff. >>> crime in chicago is out of control. some officials want to pull the trigger on the bullet tax to rein it in. i think they're a bit off the mark. my favorite chicago alderman is here to disagree with me. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines. stocks adding losses to yesterday's big selloff. new home sales rose to the highest level in two years. but economic concerns voiced by the fed helped send stocks to the downside. the dow fell 25 points. >>> the justice department filing a one billion dollar civil lawsuit against bank
,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go through all the math. dagen: it would take too long to go through all the math. what does david stockman think of this? he is author of the triumph of politics. great to see you, as always. is that a mistake or the right way to go? >> it is pathetic. this is nixon's secret plan for years later. if they think they can cut tax rates and close these loopholes and expenditures, they have to name them. you have to be honest with the american people. they are being totally dishonest. somehow, they think that people will buy it. dagen: dishonest is a big word. mitt romney has alluded towards meeting to let congress -- this will be a comprehensive tax reform. >> if you do not tell the american people it darkly where you will get all
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